Federal Lawmakers Propose Credit Reporting Changes

TODAY: July 28, 2015 PUB DATE: July 28, 2015

By Katy Stech WASHINGTON--A group of Democratic lawmakers is proposing a bill that would make it easier for people who got rid of credit-card debt using bankruptcy to fix inaccurate credit reports that don't reflect they have earned a clean ...

Federal Lawmakers Propose Credit Reporting Changes

TODAY: July 28, 2015 PUB DATE: July 28, 2015

WASHINGTON?A group of Democratic lawmakers is proposing a bill that would make it easier for people who got rid of credit-card debt using bankruptcy to fix inaccurate credit reports that don't reflect they have earned a clean financial slate. U.S. ...

Hartford Financial Core Earnings Jump

TODAY: July 28, 2015 PUB DATE: July 28, 2015

Hartford Financial Services Group Inc. said its second-quarter core earnings more than doubled, rising well above analysts' estimates, helped by improved underwriting results. The company also announced plans to boost its dividend and increase stock buyback and debt repayments. The ...

Melrose Sells Elster to Honeywell for $5.1 Billion

TODAY: July 28, 2015 PUB DATE: July 28, 2015

LONDON?Manufacturing group Melrose Industries PLC said Tuesday it has agreed to sell its German-based energy and water business, Elster Group GmbH, to Honeywell International Inc. for £ 3.3 billion ($5.1 billion) in cash. Melrose intends to use the proceeds to ...

Zurich Insurance May Seek to Buy U.K. Insurer RSA

TODAY: July 28, 2015 PUB DATE: July 28, 2015

By Neil MacLucas ZURICH--Zurich Insurance Group AG said Tuesday it is considering a potential offer for the U.K. insurer RSA Insurance Group PLC. The Swiss insurer said that it is responding to media speculation about a bid for its U.K. ...

Mylan's Leverage to Resist Teva Deal Reveals Shift in Rules

TODAY: July 28, 2015 PUB DATE: July 28, 2015

By Shayndi Raice and Liz Hoffman At a heated meeting with Mylan NV's executive team in a Manhattan conference room in May, several investors complained about the drug maker's resistance to a $40 billion takeover proposal from Teva Pharmaceutical Industries ...

GM to Invest $5 Billion in Designing Emerging Market Cars

TODAY: July 28, 2015 PUB DATE: July 28, 2015

By John D. Stoll General Motors Co. will work with a Chinese auto maker on a $5 billion initiative to overhaul how it creates cars for developing markets, a move that represents the U.S. auto maker's first major development project ...

Thailand's Finance Ministry Braces for Lower Growth in 2015

TODAY: July 28, 2015 PUB DATE: July 28, 2015

Nopparat Chaichalearmmongkol BANGKOK-Thailand's finance ministry cut its 2015 growth estimate for the third time this year, citing continued pressure from the global economic slowdown. According to the ministry's Fiscal Policy Office, Thailand's GDP should expand 3.0% this year, down from ...

Melrose Sells Elster to Honeywell for $5.1 Billion

TODAY: July 28, 2015 PUB DATE: July 28, 2015

By Alex MacDonald LONDON--Manufacturing group Melrose Industries PLC said Tuesday it has agreed to sell its German-based energy and water business, Elster Group GmbH, to Honeywell International Inc. for GBP3.3 billion ($5.1 billion) in cash. Melrose intends to use the ...

ASIA MARKETS: China Shares Weak A Day After Record Plunge

TODAY: July 28, 2015 PUB DATE: July 28, 2015

By Chao Deng China's shares bounced from their lows Tuesday, after an 8.5% drop a day earlier spurred declines in global markets and prompted questions about what Beijing's next steps to stem selling might be. The Shanghai Composite Index was ...

Rising Costs Strike at German Competitiveness

TODAY: July 28, 2015 PUB DATE: July 28, 2015

By Nina Adam FRANKFURT--Spiraling German labor costs are starting to undermine the country's famed competitiveness, threatening to hurt economic growth and investment in Europe's largest economy. Propelled by a healthy economy and record-low unemployment, labor costs here are rising fast, ...

China Shanghai Rubber Futures Closing Prices, Volume

TODAY: July 28, 2015 PUB DATE: July 28, 2015

Tuesday, July 28 2015 Natural Rubber Turnover: 606,752 lots Open High Low Settle Prev. Change Vol Open Settle Interest Aug-15 11,665 11,765 11,630 11,680 11,895 -215 54 206 Sep-15 11,725 11,980 11,600 11,800 11,955 -155 105,568 70,670 Oct-15 11,720 11,965 ...

ASIA MARKETS: China Shares Weak A Day After Record Plunge

TODAY: July 28, 2015 PUB DATE: July 28, 2015

By Chao Deng China's shares bounced from their lows Tuesday, after an 8.5% drop a day earlier spurred declines in global markets and prompted questions about what Beijing's next steps to stem selling might be. The Shanghai Composite Index was ...

PartnerRe Swings to a Loss

TODAY: July 28, 2015 PUB DATE: July 28, 2015

Reinsurer PartnerRe Ltd. swung to a second-quarter loss as it reported a sharp drop in revenue and a large loss in investments. The Bermuda-based company, which is at the center of a merger tug of war between Axis Capital Holdings ...

NAB Moves to Sell Remaining Stake in Great Western Bank

TODAY: July 28, 2015 PUB DATE: July 28, 2015

By Robb M. Stewart MELBOURNE, Australia--National Australia Bank Ltd. (NAB.AU) has moved to sell its remaining stake in regional U.S. lender Great Western Bancorp Inc. (GWB) as it refocuses on its core Australian and New Zealand franchises. NAB said Tuesday ...

Eastman Chemical Reports Higher Earnings

TODAY: July 28, 2015 PUB DATE: July 28, 2015

Eastman Chemical Co. reported a surprising increase in earnings in its most recent quarter, boosted by recent acquisitions. "Our earnings outlook for the year has improved due to our record second-quarter earnings," said Mark Costa, Eastman Chemical chairman and chief ...